India's wholesale prices rise for seventh month

AnantVijay

NEW DELHI--Wholesale prices in India rose 3.39% from a year earlier in October, the seventh-successive month of increase, government data showed Tuesday.

The rate was slower than the 3.57% rise in September and the 3.8% increase that economists were expecting.

A rebound in global crude oil prices from their recent lows is leading wholesale inflation in the South Asian economy to reverse course after a 17-month-long deflationary spell that lasted until March.

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